Policy

In a year when two boosters of the “luxury city,” Donald Trump and Michael Bloomberg, are vying to run the whole country, the very model that created their “success” is slowly unraveling. After roughly 20 years of big-city progress, measured by economic growth and demographic progress, the dense urban centers, including New York, are again teetering on the brink of decline.  read more »

A decade ago, in the wake of the Great Recession, Lee County, Florida was dubbed “the foreclosure capital of the country” by the national media, the poster child for all that had gone wrong with the American economy.  read more »

Frank Gehry doesn’t have any particular penchant for the concrete that lines the LA River. The world-class architect and designer does, however, bring a practical appreciation for the purpose of that concrete: It’s the stuff that provides flood control for homes and businesses along an 11-mile stretch through the heart of LA that would otherwise stand to be inundated in particularly heavy rains.  read more »

The Department of Housing and Urban Development has asked for comments on eliminating regulatory barriers to affordable housing. This is my response.  read more »

The following is the Introduction to the 16^th Annual Demographia International Housing Affordability Survey, which rates housing affordability in more than 300 metropolitan markets in eight nations in the third quarter of 2019. This Introduction relies on Internet and academic sources and information from the Housing and Development Board (HDB) of Singapore.  read more »

High-density planning policies have become fashionable and Sydney planners are among the most enthusiastic adopters. New South Wales Government authorities claim that high density policies result in a reduction of greenhouse gas emissions (gge), provide improved housing affordability and result in reduced traffic congestion. No evidence has been provided to justify these assertions. Such claims need to be investigated as well as density’s detrimental effect on amenity and quality of life should also be investigated.  read more »

Not long ago, in our very same galaxy, the high-tech elite seemed somewhat like the Jedis of the modern era. Sure, they were making gobs of money, but they were also “changing the world” for the better.

Even demonstrators against capitalism revered them; when Steve Jobs died in 2011, the protesters at Occupied Wall Street mourned his passing.

Increasingly, Americans no longer regard our tech oligarchs as modern folk heroes; today companies including Google, Apple and Facebook are suffering huge drops in their reputations among the public.  read more »

One of the principal advances of the past two centuries has been the drastic reduction in poverty and the rise of a large middle-class, a process expertly detailed by economists Diedre McClosky and Robert Gordon.  read more »

More is more and more is also different
~Benjamin Friedman, The Moral Consequences of Economic Growth, 2005  read more »

I want to share a few additional thoughts on Columbus, looking at the question of whether things really could have been different in the Rust Belt with different policies. I believe the answer is Yes, with caveats.  read more »